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Court summons Nawaz Sharif’s cousins over ‘bank loan default’
Web Desk On May 20, 2020
LAHORE: A banking court in Lahore on Wednesday directed the cousins of former prime minister Nawaz Sharif to appear in person in a case against them for allegedly defaulting on bank loans.
The court instructed Javed Shafi, Tariq Shafi, Zahid Shafi and Shahid Shafi to show up on June 6.
A counsel representing different banks that instituted the case against the accused persons for allegedly defaulting on loans stated before the judge that Ittifaq and Kashmir sugar mills obtained loans worth Rs700 million from his clients.
It was submitted that the former premier’s cousins were served multiple notices by the banks to pay back the loan but to no avail. The court, therefore, was requested to order action against them as per relevant laws.
Read More: Nawaz Sharif used NAB for political victimization: Shibli Faraz
Earlier, on May 16, an accountability court in Islamabad had summoned ex-prime ministers Nawaz Sharif, former president Asif Ali Zardari and Yousaf Raza Gillani on May 29 in Toshakhana (national depository) case.
According to details, the National Accountability Bureau (NAB) filed a case with the accountability court against the former heads of the state for not depositing luxury vehicles and valuable gifts received from the foreign leaders in the treasury.
https://arynews.tv/en/banking-court-nawaz-cousins-bank-loan-default/
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Web Desk On May 20, 2020
LAHORE: A banking court in Lahore on Wednesday directed the cousins of former prime minister Nawaz Sharif to appear in person in a case against them for allegedly defaulting on bank loans.
The court instructed Javed Shafi, Tariq Shafi, Zahid Shafi and Shahid Shafi to show up on June 6.
A counsel representing different banks that instituted the case against the accused persons for allegedly defaulting on loans stated before the judge that Ittifaq and Kashmir sugar mills obtained loans worth Rs700 million from his clients.
It was submitted that the former premier’s cousins were served multiple notices by the banks to pay back the loan but to no avail. The court, therefore, was requested to order action against them as per relevant laws.
Read More: Nawaz Sharif used NAB for political victimization: Shibli Faraz
Earlier, on May 16, an accountability court in Islamabad had summoned ex-prime ministers Nawaz Sharif, former president Asif Ali Zardari and Yousaf Raza Gillani on May 29 in Toshakhana (national depository) case.
According to details, the National Accountability Bureau (NAB) filed a case with the accountability court against the former heads of the state for not depositing luxury vehicles and valuable gifts received from the foreign leaders in the treasury.
https://arynews.tv/en/banking-court-nawaz-cousins-bank-loan-default/
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